Managing Sales Tax Return

A sales tax is a consumption tax charged at the point of purchase for various goods and services. The amount of tax is calculated by applying a percentage rate to the taxable price of a sale. Sales taxes are usually collected from the buyer by the seller, who remits the tax to a government agency. Tax rates vary widely by jurisdiction which ranges from less than 1% to over 10%. Sales tax does not apply to transfers of real property. In USA, sales taxes are administered at the state level. Sales tax audit and management can be a challenging process for the new entrepreneur. For this, they should avail the services of sales tax consultants like StatesSalesTax who has been providing excellent services as far as sales tax concerns, for more than seven years.

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